Green Development Bank reports net profit of Rs 1.04 crore for Q2 of 2076/77; Annualized EPS at Rs 4.16

Green Development Bank Limited (GRDBL) has published Q2 report of the fiscal year 2076/77.

The bank has reported a net profit of Rs.1.04 crore in Q2 of 2076/77. The net profit of the company has decreased from Rs.1.08 crore in the Q2 2075/76.

The development bank has collected deposits of Rs.1.30 Arba and has floated loans of Rs.1.10 Arba in the Q2 2076/77. Deposits of the company have increased from Rs 1 arba; whereas, the Loans & advances increased from Rs 97.36 crore, compared to the corresponding quarter of last fiscal year.

The net interest income of the company has grown from Rs.3.02 Crore to Rs.4.24 Crore in Q2 2076/77.

The development bank's' Paid-Up capital stands at Rs.50 Crore with reserve and surplus of Rs.1.92 Crore. The bank's NPL has increased from 2.30% to 2.32% in Q2. The annualized EPS stand at Rs.4.16.

Second Quarter Report